Insurance Technology Industry News

Shares of SBNY Up 12.8% Since Uptrend Call on Shares

Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Signature Bank (NASDAQ:SBNY) on July 26th, 2012 at $62.83. In approximately 4 months, Signature Bank has returned 12.77% as of today's recent price of $70.85.

In the past 52 weeks, Signature Bank share prices have been bracketed by a low of $53.10 and a high of $72.80 and are now at $69.77, 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Signature Bank is a full service commercial bank that serves privately owned business clients and their owners and senior managers. The Bank offers business and personal banking products and services as well as investment, brokerage, asset management and insurance products through its subsidiary, Signature Securities Group Corp.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Signature Bank shares.Log in and add Signature Bank (SBNY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
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